Casella Waste Systems (NASDAQ:CWST) Reaches New 52-Week Low - Here's Why

Key Points

• Casella Waste Systems' stock hit a new 52-week low at $84.60 and last traded at $86.08, indicating significant price volatility.
• Analysts have provided mixed ratings with a consensus price target of $112.38, suggesting potential for recovery despite the current downturn.
• The company's quarterly earnings showed a significant increase in revenue of 23.4% compared to the previous year, reporting $465.33 million for the quarter.

Shares of Casella Waste Systems, Inc. (NASDAQ:CWST - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $84.60 and last traded at $86.08, with a volume of 80725 shares trading hands. The stock had previously closed at $87.01.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Loop Capital upgraded shares of Casella Waste Systems from a "hold" rating to a "buy" rating and set a $88.00 price target on the stock in a research note on Friday, September 19th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Casella Waste Systems in a research report on Monday, October 6th. Barclays started coverage on shares of Casella Waste Systems in a research report on Friday, September 19th. They set an "underweight" rating and a $88.00 price objective for the company. Stifel Nicolaus started coverage on shares of Casella Waste Systems in a research report on Monday, September 29th. They set a "buy" rating and a $113.00 price objective for the company. Finally, William Blair reaffirmed an "outperform" rating on shares of Casella Waste Systems in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Casella Waste Systems presently has an average rating of "Moderate Buy" and a consensus price target of $112.38.

Casella Waste Systems Trading Down 1.2%

The business's 50 day moving average price is $94.11 and its two-hundred day moving average price is $106.86. The company has a current ratio of 1.70, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 477.78 and a beta of 0.84.

Casella Waste Systems (NASDAQ:CWST - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.05. Casella Waste Systems had a net margin of 0.64% and a return on equity of 4.97%. The company had revenue of $465.33 million for the quarter, compared to the consensus estimate of $454.01 million. During the same period last year, the company posted $0.22 EPS. The firm's quarterly revenue was up 23.4% compared to the same quarter last year. Casella Waste Systems has set its FY 2025 guidance at EPS. On average, equities analysts predict that Casella Waste Systems, Inc. will post 1.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Maseco LLP bought a new position in Casella Waste Systems in the 2nd quarter valued at approximately $25,000. Ameritas Advisory Services LLC bought a new position in Casella Waste Systems in the 2nd quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd raised its holdings in Casella Waste Systems by 325.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 217 shares of the industrial products company's stock valued at $25,000 after buying an additional 166 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Casella Waste Systems by 301.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 245 shares of the industrial products company's stock valued at $27,000 after buying an additional 184 shares during the last quarter. Finally, AlphaQuest LLC bought a new position in Casella Waste Systems in the 2nd quarter valued at approximately $33,000. Institutional investors own 99.51% of the company's stock.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.

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